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via finance.yahoo.comBusiness & Companies

Cerebras lands Microsoft cloud deal and raises revenue outlook, shares up after hours

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Cerebras Systems (NASDAQ:CBRS) signed Microsoft (NASDAQ:MSFT) as a cloud customer and raised its full-year revenue outlook, sending shares up more than 17% in Thursday's after-hours trading, according to Reuters. The deal gives Cerebras…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA major new cloud customer reduces Cerebras's dependence on OpenAI.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Cerebras signed Microsoft as a cloud customer.
  2. 02Shares rose more than 17% in Thursday's after-hours trading.
  3. 03Cerebras did not disclose the financial terms of the deal.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Cerebras Systems Inc.CBRSStock110.28 USD+2.50%today +12.82%Positive Microsoft CorporationMSFTStock524.23 USD+0.03%today +0.24%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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